Dallas,Tx 7/13/2010 10:53:19 PM
News / Business

Small Cap Stock Movers (ADCT, AMED, ATPG, LVLT)

Small Cap Stocks

 

ADC Telecommunications (NASDAQ:ADCT) is the biggest gainer and soared 41.58% to $12.53 after climbing to its 52-week high of $12.65.

 

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Today, Tyco Electronics agreed to acquire ADC Telecommunications for about $1.25 billion in a cash deal, boosting its presence in the wireless market and giving it a bigger footprint in the U.S.

ADC Telecommunications, Inc. (ADC) is a global provider of broadband communications network infrastructure products and related services. Its products offer solutions that enable the delivery of high-speed Internet, data, video and voice communications over wireline, wireless, cable, enterprise and broadcast networks.

 

Amedisys, Inc. (NASDAQ:AMED) plunged 23.67% to $26.73 and made a new 52-week low of $24.66 after the company alerted that it see a surprise drop in second-quarter earnings.

The company said net income would be roughly $1.12 a share, compared to estimations of $1.36 by FactSet Research, and lower than the $1.27 reported a year ago.

Amedisys, Inc. (Amedisys) is a provider of home health services to the chronic, co-morbid, aging American population. The Company operates in two segments: home health and hospice segments.

 

ATP Oil & Gas Corporation (NASDAQ:ATPG) fell 9.11% to $9.48 after analyst at JPMorgan Chase & Co downgraded the stock to “underweight” from “neutral”.

 

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ATP Oil & Gas Corporation (ATP) is engaged in the acquisition, development and production of oil and natural gas properties in the Gulf of Mexico and the United Kingdom and Dutch Sectors of the North Sea (the North Sea).

 

Level 3 Communications, Inc. (NASDAQ:LVLT) rose 4.33% to $1.09 with over 3.60 million shares.

Level 3 Communications, Inc. (Level 3) is engaged in the communications business. The Company is a facilities based provider of a range of integrated communications services.

 

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